BSEBoard Meeting2d ago · 4 Nov 2026, 07:33 pm
Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2026
Godavari Biorefineries Ltd · 544279
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Godavari Biorefineries Ltd has announced unaudited financial results for the quarter and half year ended September 30, 2026, which were approved by the Board of Directors. The results were reviewed by the independent auditor, Verma Mehta & Associates, and found to be free of material misstatement.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
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Market Sentiment5/10
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Godavari Biorefineries Ltd - 544279 - Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2026
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Godavari
BlorefineriLeisd
Godavari Biorefineries Ltd
Dated: November 04, 2026
The Manager The Manager
Listing Department Listing Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Tower,
Bandra Kurla Complex, Bandra (E), Dalal Street
Mumbai — 400 051 Mumbai-400001
Script Symbol: GODAVARIB Script Code:544279
Dear Sir / Madam,
Sub: Outcome of Board Meeting held on November 4, 2026, which commenced at 4:00 PM and
concluded at 6:55 P.M.
In continuation of our letter dated 26™ October, 2026 and pursuant to Regulation 33 and other applicable
provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Board of Directors at its meeting held today considered and
approved the Unaudited Financial Results (Consolidated and Standalone) for the quarter and half-year
ended September 30, 2026, along with the Independent Auditor's Review Report thereon.
This is for your information and records.
Thanking you,
Yours faithfully
For Godavari Biorefineries Limited
Swarna Gunware
Company Secretary
Membership No. A-32787
Email: investors@somaiya.com
Regd. Office : Somaiya Bhavan, 45/47, Mal
Tel : (91-22 2204 8272/ €
Email ID tors@somaiya.com fa es.com
CIN:L67120MH1956PLCO0S707 G RO U P
(A | VERMA MEHTA & ASSOCIATES
INDTA Chartered Accountants
104, Creative Industries Premises, Sunder Nagar, Kalina, Santacruz .(East), Mumbai - 400 098.
' Tele.: 022-31969959 « E-mail : vmaca92@gmail.com
Limited Review Report on unaudited consolidated financial results of Godavari
Biorefineries Limited for the quarter and six months ended September 30, 2026 pursuant
to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended
To the Board of Directors Godavari Biorefineries Limited
1. We have reviewed the accompanying statement of unaudited consolidated financial results of
Godavari Biorefineries Limited (hereinafter referred to as “the Parent”) and its subsidiaries
(the Parent and its subsidiaries together referred to as "the Group") for the quarter and six
months ended September 30, 2026 (“the Statement”), being submitted by the Parent pursuant
to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing
Regulations™).
2. This Statement, which is the responsibility of the Parent’s Management and approved by the
Parent’s Board of Directors has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial
Reporting” (“Ind AS- 34”) prescribed under section 133 of the Companies Act, 2013 read
with relevant rules issued thereunder from time to time and other accounting principles
generally accepted in India and in compliance with Regulation 33 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the
Statement based on our review.
3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the
Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India.
This Standard requires that we plan and perform the review to obtain moderate assurance as
to whether the Statement is free of material misstatement. A review of interim financial
information consists of making inquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review procedures. A review is
substantially less in scope than an audit conducted in accordance with Standards on Auditing
and consequently does not enable us to obtain assurance that we would become aware of
Branch Office : Pune, Aurangabad
significant matters that might be identified in an audit. Accordingly, we do not express an
audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under
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The Statement includes the results of the following entities:
Subsidiaries:
(i) Solar Magic Private Limited
(i) Cayuga Investments B.v
(i) Godavari Biorefineries B.V (Subsidiary of Cayuga Investments B.V)
(i) Godavari Biorefineries Inc. (Subsidiary of Cayuga Investments B.V)
) Sathgen Therapeutics LLC (Subsidiary of Godavari Biorefineries Inc.)
Based on our review and procedures performed as stated above in paragraph 3 above, we
report that, nothing has come to our attention that causes us to believe that the accompanying
Statement, prepared in accordance with the recognition and measurement principles laid
down in the aforesaid Indian Accounting Standard and other accounting principles generally
accepted in India, has not disclosed the information required to be disclosed in terms of
regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed,
or that it contains any material misstatement.
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the conversion adjustments prepared by the management of the Parent and reviewed by us.
Our conclusion is not modified in respect of this matter.
We did not review interim financial results and financial information (results) of one
subsidiary located in India (Indian Subsidiary) whose results reflect total assets of Rs.
2,471.51 Lakhs as at September 30, 2026 and total revenues (before consolidation
adjustments) of Rs. 818.53 Lakhs and Rs. 1,774.51 Lakhs, total net profit after tax (before
consolidation adjustments) of Rs. 38.87 Lakhs and Rs. 86.64 Lakhs and total comprehensive
income (before consolidation adjustments) of Rs. 38.92 Lakhs and Rs. 86.70 Lakhs, for the
quarter and six month ended Septembe30r, 2026, respectively, and net cash inflows of Rs.
7.06 Lakhs for the six months ended
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